Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The condensed financial statements of Pharoah Company for the years 2019 and 2020 are presented below Compute the following ratios for 2020 and 2019 ATOR

The condensed financial statements of Pharoah Company for the years 2019 and 2020 are presented below
Compute the following ratios for 2020 and 2019 image text in transcribed
image text in transcribed
image text in transcribed
ATOR STANDARD VX Question The condensed hinandal statements of Pharoah Company for the years 2019 and 2020 are presented below. PHAROAH COMPANY Balance Sheets December 31 (in thousands) 2020 2019 Current assets Cash and cash equivalents Accounts receivable (net) $330 570 640 Tnventory Prepaid expenses 130 500 570 160 1,590 380 1,670 410 Total current assets Property, plant, and equipment (net) Investments Intangibles and other assets 530 510 Total assets Current liabilities Long-term liabilities Stockholdersi equity-common Total liabilities and stockholders' equity $2,720 $920 660 1,140 $2,720 $2,590 $890 560 1,140 $2,590 PHAROAH COMPANY Income Statements For the Year Ended December 31 (in thousands) 2020 $3,980 ||$3,640 2010 Pinandala @09 So Compute the following ratios for 2020 and 2019. (Round current ratio and Inventory turnover to 2 decimal places, c. 1. CALCULATOR STANDARD VIE decimal place, e.g. 1.8 or 12.6%. (a) Current ratio. (b) Inventory tumover. (Inventory on December 31, 2018, was $410.) (c) Profit margin Return on assets. (Assets on December 31, 2018, were $2,540.) Return on common stockholders' equity. (Equity on December 31, 2018, was $950.) Debt to assets ratio. Times interest earned. 2019 (a) Current ratio. (b) Inventory turnover. () Profit margin. (a) Return on assets. (e) Return on common stockholders' equity. ( Debt to assets ratio. (9) Times interest earned. times Click " you would like to Show Work for this question: Open Show. Work LINK TO TEXT

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Tracking Your Trek Looking Backward To Determine Your Forward

Authors: Erica Pauly

1st Edition

979-8839157330

More Books

Students also viewed these Accounting questions

Question

1. What are the pros and cons of diversity for an organisation?

Answered: 1 week ago

Question

1. Explain the concept of diversity and equality in the workplace.

Answered: 1 week ago